Thursday, 25 December 2014
Last updated 21 hours ago
Apr 19 2010 | 12:45pm ET
British insurer Pension Corp. has quintupled its allocation to hedge funds and private equity as it seeks to diversify its £3.5 billion portfolio.
The firm, which insures pension liabilities, has boosted its alternative investments to £100 million, Reuters reports. Pension Corp. first invested in hedge funds and private equity funds two years ago, putting £20 million into the asset classes.
And the insurer isn’t stopping there, having set a 10% allocation to hedge funds and p.e., or £350 million.
Pension Corp. is also making a big move into property, allocating its first £100 million to the asset class.
Dec 1 2014 | 10:21am ET
As 2014 winds down, Northern Trust Hedge Fund Services executives took some time to share their outlook on trends facing the industry in 2015. Read more…
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